common pool resource
/ˌkɒmən ˌpuːl rɪˈsɔːrs/
a resource that is rivalrous but non-excludable
common pool resource in a sentence
“Fisheries are common pool resources vulnerable to overuse.”
Origin of common pool resource
Economic terminology, from common + pool + resource
Related Words
mechanism design
creating rules to achieve desired outcomes given strategic behavior
incentive compatibility
a system where honest behavior is in each participant's interest
social dilemma
a situation where individual rationality leads to collective irrationality
tragedy of the commons
depletion of shared resources due to individual self-interest
free rider problem
the tendency to benefit from collective goods without contributing
coordination problem
difficulty in aligning actions when mutual benefit requires agreement